K92 Mining Correlations

KNT Stock

CAD 18.40 0.31 1.71%

The current 90-days correlation between K92 Mining and Westgold Resources Limited is 0.58 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as K92 Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if K92 Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

K92 Mining Correlation With Market

Good diversification

The correlation between K92 Mining and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding K92 Mining and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to K92 Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace K92 Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back K92 Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling K92 Mining to buy it.

Moving together with K92 Stock

0.93	AG	First Majestic Silver	Pair Corr
0.87	IE	Ivanhoe Energy	Pair Corr
0.88	ORE	Orezone Gold Corp	Pair Corr
0.8	FDY	Faraday Copper Corp	Pair Corr
0.92	CGC	Aris Gold	Pair Corr
0.61	INFM	Infinico Metals Corp	Pair Corr
0.71	AAPL	Apple Inc CDR	Pair Corr
0.71	GOOG	Alphabet CDR	Pair Corr
0.71	AAPL	Apple CDR	Pair Corr
0.66	AVGO	Broadcom	Pair Corr
0.82	OTEX	Open Text Corp	Pair Corr
0.81	GIL	Gildan Activewear	Pair Corr
0.79	PLSR	Pulsar Helium	Pair Corr
0.86	PDN	Paladin Energy	Pair Corr
0.74	MBI-H	Med BioGene	Pair Corr
0.63	DRT	DIRTT Environmental	Pair Corr
0.89	PME	Sentry Select Primary	Pair Corr
0.87	JNJ	Johnson Johnson CDR	Pair Corr
0.9	ECOR	Ecora Resources plc	Pair Corr
0.78	BB	BlackBerry	Pair Corr
0.65	BIP-PE	Brookfield Infrastructure	Pair Corr
0.8	MTL	Mullen Group	Pair Corr
0.81	GCU	Gunnison Copper Corp Earnings Call This Week	Pair Corr
0.91	HBM	HudBay Minerals Earnings Call This Week	Pair Corr
0.67	FOOD	Goodfood Market Corp	Pair Corr
0.75	MEG	MEG Energy Corp Earnings Call This Week	Pair Corr

Moving against K92 Stock

0.61	META	Meta Platforms CDR	Pair Corr
0.38	ACU	Aurora Solar Technologies	Pair Corr

Related Correlations Analysis

	WGX	TXG	DPM	WDO	PRU	SJ	NG	CG
WGX		0.95	0.92	0.91	0.94	0.72	0.94	0.99	WGX
TXG	0.95		0.98	0.95	0.97	0.7	0.93	0.96	TXG
DPM	0.92	0.98		0.93	0.94	0.66	0.93	0.93	DPM
WDO	0.91	0.95	0.93		0.92	0.62	0.95	0.92	WDO
PRU	0.94	0.97	0.94	0.92		0.64	0.91	0.96	PRU
SJ	0.72	0.7	0.66	0.62	0.64		0.65	0.68	SJ
NG	0.94	0.93	0.93	0.95	0.91	0.65		0.93	NG
CG	0.99	0.96	0.93	0.92	0.96	0.68	0.93		CG
	WGX	TXG	DPM	WDO	PRU	SJ	NG	CG

Risk-Adjusted Indicators

There is a big difference between K92 Stock performing well and K92 Mining Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze K92 Mining's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WGX	2.36	1.13	0.29	(9.21)	2.50	(2.81)	6.27	(3.65)	20.77
TXG	2.39	0.58	0.14	(17.18)	2.94	(2.62)	5.34	(5.23)	21.28
DPM	1.88	0.30	0.10	0.41	2.62	(1.97)	4.57	(3.59)	14.50
WDO	2.33	0.22	0.04	0.50	3.51	(2.24)	4.66	(6.59)	15.95
PRU	1.89	0.58	0.17	(4.04)	2.37	(2.20)	4.71	(3.17)	17.87
SJ	1.19	0.11	0.01	(7.46)	1.44	(1.31)	2.87	(2.00)	6.98
NG	2.65	0.62	0.14	6.02	3.20	(3.02)	5.70	(4.66)	28.16
CG	2.06	0.69	0.16	3.03	3.09	(2.18)	4.73	(5.01)	16.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in K92 Mining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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K92 Mining Corporate Management

Elected by the shareholders, the K92 Mining's board of directors comprises two types of representatives: K92 Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of K92. The board's role is to monitor K92 Mining's management team and ensure that shareholders' interests are well served. K92 Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, K92 Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.

Christopher PGeo	Executive Exploration	Profile
Mark Schubert	General Development	Profile
John Lewins	CEO Director	Profile
Blanchet CA	Chief Officer	Profile
Nancy Couvee	Corporate Secretary	Profile
Andrew Kohler	Interim Exploration	Profile

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